Beeks secures minority stake in Liquid-Markets-Solutions
Beeks Financial Cloud Group plc (LON:BKS), a cloud computing and connectivity provider for financial markets, has secured a small minority stake in Liquid-Markets-Solutions (LMS), a rapidly growing provider of innovative high performance network technology, headquartered in Switzerland.
This investment allows Beeks to exclusively deploy LMS’ newly released landmark technology, ÜberNIC, for the managed financial services data centre market segment. ÜberNIC is a FPGA-based Ethernet adapter, an FPGA (Field-Programmable Gate Array) being a reconfigurable chip that lets the Ethernet adapter process data in hardware, delivering unmatched ultra-low-latency capabilities.
The sub-microsecond latency and reliability capabilities of LMS’ new FPGA-based architecture are critical in latency sensitive trading environments and the product is gaining interest from large financial institutions worldwide. This partnership enables Beeks to integrate ÜberNIC’s high-performance network technology into its Private and Exchange Cloud offerings, providing financial institutions with streamlined access to the technology via an integrated platform.
For Beeks the benefits are two-fold. It enhances the Group’s technological leadership and the appeal of its offerings, helping to deliver even greater execution speeds and predictability for its clients’ trading strategies.
In addition, with considerable interest in ÜberNIC already in the financial services industry and Beeks’ exclusive access within the industry’s data centre market segment, it serves as an additional sales channel, broadening market reach and supporting revenue growth.
Gordon McArthur, CEO of Beeks, commented:
“This investment reflects our careful and deliberate approach to strengthening Beeks’ infrastructure offering for capital markets. Following rigorous testing, we are confident the FPGA-based technology is at the forefront of technological advancement in the industry, and our exclusive access within the financial services data centre market segment reinforces our position as a leading technology provider and is set to drive further growth opportunities.”